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USD/JPY Forecast December 30, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 30 December 2015 05:32 UTC

The USD/JPY pair did very little during the session on Tuesday as the market continues to hover about. The 120 handle of course is important when it comes to the longer-term attitude of this market, but given enough time we feel that this market will bounce so we are waiting to see whether or not we get a supportive candle or more importantly than that and impulsive candle that should send this market looking for the 123 level yet again. We believe that the longer-term interest-rate differential will continue to favor the US dollar, and that it’s only a matter of time before we break out to the upside. However, during this time year it’s hard to imagine much in the way of movement.

USD/JPY Technical Analysis December 30, 2015, Technical Analysis

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